New Zealands land transport network is receiving a record level of investment when the country needs it the most. The NZ Transport Agency (NZTA) has today announced details of $8.7 billion to be invested in New Zealand over the next three years through the National Land Transport Programme (NLTP).
New Zealand’s land transport network is receiving a record level of investment when the country needs it the most. The NZ Transport Agency (NZTA) has today announced details of $8.7 billion to be invested in New Zealand over the next three years through the National Land Transport Programme (NLTP).
“This is the largest land transport investment in New Zealand’s history, and it represents a 17 percent increase from the previous three year period. This additional investment will deliver significant benefits for New Zealand now and in the future,” says NZTA Chair Brian Roche.
Following the direction outlined in the Government policy statement on land transport funding (GPS), the NZTA has given top priority to activities that encourage economic growth, productivity and employment.
“Our primary focus in this NLTP is a series of targeted investments that will help to address the important challenges New Zealand faces with land transport – in particular improving the efficiency of key transport routes, improving public transport and easing severe congestion in key urban areas, upgrading important freight and tourism routes, and improving safety and access to markets, employment and areas that contribute to economic growth,” says Mr Roche.
The NLTP invests in a range of projects in all regions, providing guaranteed funding levels for each region over the next three years. There are significant increases in the level of investment for most activities, including:
The new three-year timeframe for this NLTP allows for investments with a longer-term view, and allows local government and the wider land transport sector to plan ahead with increased confidence.
The preparation of the NLTP has been informed by 16 regional transport committees and the Auckland Regional Transport Authority (ARTA) developing and submitting regional land transport programmes outlining activities to be prioritised for NLTP funding.
“This collaborative process has allowed us to build an overview of land transport requirements across New Zealand and to balance regional and national priorities in deciding on the best investment programme to maximise value for money across the country.”
National and regional NLTP documents, Q&As and regional media releases are available on the NZTA website at www.nzta.govt.nz(external link).
For more information please contact:
NZTA Media Manager
T DDI 04 894 6285
M 0212 763 222